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would only fund the government for eight days. >> the senate is set to reconvene sunday at 1:00 eastern time. the house expected to be in session sunday. are going to start around 2:00 with the first votes coming around 6:30 p.m. let's head on over to the white house. kristen welker standing by. a lot happening in washington, d.c. a lot happening i would assume at the white house. but how engaged is the presidented to in moving this thing forward? >> reporter: good afternoon, t.j. i am told there are conversations going on at the staff level. as you know, he met with congressional leaders here at the white house for about an hour on friday. now sources who are familiar with that conversation tell me that the president essentially said to lawmakers, you have two options. one, come up with a plan that can make its way through both chambers, or allow his proposal to go through a vote in both chambers. and that's what you heard the president referencing in that sound bite that you just aired, t.j. in the president's proposal it calls for extending the bush era tax cuts for those making $250
they see their paycheck next year. it's almost certain that the government will not extend the payroll tax holiday. that means a 2% tax increase for every last one of us. joining me is gerald bernstein, a senior fellow at the center of budget and policy priorities. get the title out. let's get to business. why are we not talking about this? talking about the cliff, but everybody's taxes going up with the payroll tax holiday. >>ith a great question, t.j. an important and underappreciated part of the fiscal cliff. the answer to the why is it really doesn't have any champions. when you hear the list of things people fighting for, estate tax, you hear the unemployment extension, things like that. you don't even hear this listed anymore. i know for a fact that the white house was fighting for this. they understand how important it is to people's paychecks, but how important to the overall economy. actually $100 billion, taking out of the 2013 economy at a time when paychecks have been stagnant. an unfortunate loss. >> let's take a look at the rest of this deal. the payroll tax holiday. everybod
of democracy. people said it's the worst form of government except for the other ones. >> you are right there. this is how it gets done. something seems wrong. it's accepting. i'm literally watching a clock here, tick, tick, tick as we get closer to the deadline. thank you both for being here. i know we will talk soon. thank you so much. >> thanks. >>> it is 12 minutes past the hour. stay with us. there's a surprise for a driver just going past an airport. also, a dramatic increase in gun buying across the country. this happened immediately following the newtown, connecticut shooting. the fear that's actually fueling us. [ cellphon irping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ >>> about 17 minutes past the hour now on this sunday afternoon here on the east coast. congress and the white house have 36 hours to reach an agreement before the u.s. hits that cliff, the fiscal c
Search Results 0 to 2 of about 3